Intermediate Trade: H&R Block

I'm watching one of the Republican congressman talk about filling out taxes on a post card. If really is true, it is going to be a real problem for a company like H&R Block, Inc (HRB) . HRB has already had it rough and the Implied Volatility is kind of high.

I think there is going to be a lot of headline risk over the next couple of days. I can buy the November 24 puts for about $0.60 and sell the 23 puts at better than $0.20. I do not mind owning that 1-point vertical for the next two weeks, as a play on the stock moving lower another few percentage points....20 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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